The Independent Petroleum Marketers Association of Nigeria (IPMAN) has assured Nigerians that it has adequate petroleum products to meet demand throughout the festive season, aiming to prevent fuel queues.
Speaking at a press briefing at its national headquarters in Abuja, IPMAN National President Abubakar Shettima called for urgent action from the new leadership of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
Shettima specifically urged the agencies to immediately settle outstanding bridging claims owed to IPMAN members, which exceed ₦190 billion.
He warned that payment delays could disrupt the smooth supply of petroleum products in the near term.
The association also expressed support for initiatives to boost local refining, not only by the Dangote Group but by other operators, noting that increased domestic production would reduce reliance on foreign exchange and help lower fuel prices for Nigerians.
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